Are ChargePoint Holdings Inc. (NYSE:CHPT) shares too expensive at this price?

As of close of business last night, ChargePoint Holdings Inc.’s stock clocked out at $11.09, up 4.03% from its previous closing price of $10.66. In other words, the price has increased by $+0.43 from its previous closing price. On the day, 6532975 shares were traded. CHPT stock price reached its highest trading level at $11.10 during the session, while it also had its lowest trading level at $10.61.

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To gain a deeper understanding of CHPT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.40 and its Current Ratio is at 2.70. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.87.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on October 20, 2022, Reiterated its Buy rating but revised its target price to $18 from $24 previously.

On September 07, 2022, Credit Suisse started tracking the stock assigning a Outperform rating and target price of $22.

On June 17, 2022, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $20.B. Riley Securities initiated its Buy rating on June 17, 2022, with a $20 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jan 10 when Linse Michael sold 1,989,958 shares for $10.00 per share. The transaction valued at 19,899,580 led to the insider holds 0 shares of the business.

Linse Michael sold 508,101 shares of CHPT for $5,121,795 on Jan 09. The Director now owns 0 shares after completing the transaction at $10.08 per share. On Jan 05, another insider, Loewenthal William J, who serves as the Chief Product Officer of the company, sold 3,115 shares for $8.94 each. As a result, the insider received 27,860 and left with 432,892 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 9.23 while its Price-to-Book (P/B) ratio in mrq is 11.09.

Stock Price History:

Over the past 52 weeks, CHPT has reached a high of $20.99, while it has fallen to a 52-week low of $8.07. The 50-Day Moving Average of the stock is 10.95, while the 200-Day Moving Average is calculated to be 13.46.

Shares Statistics:

It appears that CHPT traded 9.45M shares on average per day over the past three months and 11.7M shares per day over the past ten days. A total of 341.68M shares are outstanding, with a floating share count of 328.11M. Insiders hold about 2.70% of the company’s shares, while institutions hold 53.40% stake in the company. Shares short for CHPT as of Oct 13, 2022 were 40.11M with a Short Ratio of 51.56M, compared to 41.76M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 11.80% and a Short% of Float of 14.51%.

Earnings Estimates

As of right now, 14 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.19 for the current quarter, with a high estimate of -$0.17 and a low estimate of -$0.21, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.16, with high estimates of -$0.04 and low estimates of -$0.25.

Analysts are recommending an EPS of between -$0.71 and -$1.03 for the fiscal current year, implying an average EPS of -$0.78. EPS for the following year is -$0.56, with 15 analysts recommending between -$0.39 and -$0.73.

Revenue Estimates

A total of 20 analysts have provided revenue estimates for CHPT’s current fiscal year. The highest revenue estimate was $505.43M, while the lowest revenue estimate was $461.97M, resulting in an average revenue estimate of $482.03M. In the same quarter a year ago, actual revenue was $241.01M, up 100.00% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $755.04M in the next fiscal year. The high estimate is $901.2M and the low estimate is $600M. The average revenue growth estimate for next year is up 56.60% from the average revenue estimate for this year.